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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Gary Burton who wrote (40782)3/24/1999 5:05:00 PM
From: Samuel J. Bennett  Respond to of 95453
 
Don't wait too long. Forget Y2K , this is not run by locals, but by money managers.

Valuation: a year ago Merrill Lynch gave it a $50 target.

sam



To: Gary Burton who wrote (40782)3/24/1999 5:08:00 PM
From: gpphantom  Respond to of 95453
 
From Briefing.com today between 1:00 and 2:00 EST:

ABN Amro Oil View : brokerage firm raises 1999 and 2000 West Texas Intermediate crude oil price estimates following new oil production agreement; ups 1999 crude price average from $12.35 to $14 and 2000 price average from 13.35 to $15; accordingly, firm raises 1999 earnings estimates on the following oil companies; Amerada Hess Corp. (AHC 47 11/16 -5/16) from loss of $1.25 to loss of $0.40, Atlantic Richfield (ARC 63 7/8 +7/8) from $1.20 to $1.70, Kerr-McGee Corp. (KMG 32 1/2 +3/8) from $0.30 to $0.60, USX-Marathon Group (MRO 27 3/16 +15/16) from $0.75 to $0.95, Murphy Oil Corp. (MUR 39 7/8 -5/8) from $0.10 to $0.40, Occidental Petroleum Corp. (OXY 17 +1/8) from loss of $0.55 to loss of $0.45, Phillips Petroleum Co. (P 44 3/4 +5/16) from $0.90 to $1.00, Unocal Corp. (UCL 35 9.16 +9/16) from $0.35 to $0.50, Chevron Corp. (CHV 86 11/16 -11/16) from $2.30 to $2.65, Exxon Corp. (XON 71 -1 3/4) from $2.45 to $2.55, Mobil Corp. (MOB 88 5/8 -1 9/16) from $2.40 to $2.50 and Texaco Inc. (TX 55 5/8 +5/8) from $1.15 to $1.40 a share.....